The French government will likely authorize utility GDF Suez (GSZ.FR) to implement three increases of natural gas retail prices during the summer, newspaper Le Parisien reported Friday.
The French government will likely authorize utility GDF Suez (GSZ.FR) to
implement three increases of natural gas retail prices during the summer,
newspaper Le Parisien reported Friday.
First, the French energy regulator is likely to approve a 4.5% price increase
as part of the review carried out each quarter to adjust sales prices to GDF
Suez supply costs.
Another increase, of about 2%, will be implemented to take into account rising
transportation costs, the newspaper said.
A third increase, which would be as high as 4.4%, would be related to a court
decision expected on a case brought by GDF against a freeze imposed by the
government on gas price in 2011.
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